Ardagh Glass Finance plc - Irish Stock Exchange
Ardagh Glass Finance plc - Irish Stock Exchange
Ardagh Glass Finance plc - Irish Stock Exchange
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We are subject to various environmental and other legal requirements and may be subject to new<br />
requirements of this kind in the future that could impose substantial costs upon us.<br />
Our operations and properties in Germany, the United Kingdom, Sweden, Denmark, The<br />
Netherlands, Poland and Italy are subject to extensive international, EU, national, provincial, regional<br />
and local laws, ordinances, regulations and other legal requirements relating to environmental<br />
protection. Such laws and regulations which may affect our business include requirements regarding<br />
remediation of contaminated soil, groundwater and buildings, water supply and use, water discharges,<br />
air emissions, waste management, noise pollution, asbestos and other deleterious materials, generation,<br />
storage, handling and transportation of hazardous materials, product safety and workplace health and<br />
safety.<br />
The scope of such laws and regulations varies across the different jurisdictions in which we<br />
operate. Our operations and properties in Germany, the United Kingdom, the Nordic region, the<br />
Benelux region, Poland and Italy must comply with the legal requirements in each jurisdiction, as well<br />
as EU and international legal requirements. These requirements may have a material adverse effect on<br />
our business, financial condition and results of operations.<br />
We have incurred, and expect to continue to incur, costs for our operations to comply with such<br />
legal requirements, and these costs could increase in the future. Environmental laws and regulations<br />
that affect our business have become and are becoming increasingly stringent. We require a variety of<br />
permits to conduct our operations, including operating permits such as those required under the EU<br />
Directive on Integrated Pollution Prevention and Control, water and trade effluent discharge permits,<br />
water abstraction permits, and waste permits. We are in the process of applying for, or renewing,<br />
permits at a number of our sites. Failure to obtain the relevant permits, as well as non-compliance,<br />
could have a material adverse effect on our business, financial condition and results of operations. If<br />
we were to violate or fail to comply with these laws and regulations or our permits, we could be subject<br />
to criminal, civil and administrative sanctions and liabilities, including substantial fines and orders.<br />
Sites at which we operate often have a long history of industrial activities and may be, or have<br />
been in the past, engaged in activities involving the use of materials and processes that could give rise<br />
to contamination and result in potential liability to remediate, as well as claims for alleged damage to<br />
persons or property. Liability may be imposed on us as owners, occupiers or operators of contaminated<br />
facilities. These legal requirements may apply to contamination at sites that we presently own, occupy<br />
or operate, or that we formerly owned, occupied or operated, or were formerly, owned, occupied or<br />
operated by companies which we acquired. Regarding companies acquired by us, we cannot assure you<br />
that our due diligence investigations identified or accurately quantified all material environmental<br />
matters related to the acquired facilities. Furthermore, the closure of a site may accelerate the need to<br />
investigate and remediate any contamination at the site.<br />
Soil and groundwater contamination has been identified at a number of our sites and other sites<br />
have been identified as sites which have potential for contamination. At certain sites, remediation work<br />
has already been, or is currently being, undertaken, in consultation with regulatory authorities where<br />
necessary. Should our operations cause environmental damage in the future or currently unknown<br />
conditions be discovered, we may be required to undertake additional remedial measures. The costs<br />
associated with remediation works can be substantial and could have a material adverse effect on our<br />
business, financial condition and results of operations.<br />
Asbestos is present, or may be present, at a number of our sites. It is possible that remediation<br />
measures will be required. Remediation costs can be significant and could have a material adverse<br />
effect on our business, financial condition and results of operations.<br />
Our business is energy intensive, which results in the emission of products of combustion and the<br />
high temperature oxidation of atmospheric nitrogen; i.e., sulphur dioxide, carbon dioxide and oxides of<br />
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